A by-law to authorize the construction of
a sanitary sewer on Old Creditview Road, in the City of Mississauga, Ward
6.

WHEREAS pursuant to section 46 of the Regional Municipalities Act,
R.S.O. 1990, Chapter R.8, as amended, the Regional Corporation has the sole
responsibility of the supply and distribution of water in the regional area;

AND WHEREAS the Council of the Regional Corporation has by Resolution 2002-736
on the 11th of July, 2002 authorized the construction of a sanitary sewer
in the City of Mississauga, pursuant to the Local Improvement Act,
R.S.O. 1990, Chapter L.26, as amended, under Project 02-2710, at a total cost
of $108,569.25, hereinafter referred to as "the Works";

AND WHEREAS, the Council of the Regional Corporation deems it desirable to
impose a waterworks rate on the owners of certain lands in the City of Mississauga,
pursuant to section

NOW THEREFORE the Council of the Regional Corporation enacts as follows:

1. That the Regional Corporation shall construct the Works at a total cost
of $108,569.25.

2. That the capital cost attributable to the abutting property owners,
as outlined on Schedule A attached hereto, is $57,839.00, which includes
an imputed interest cost as certified by the Treasurer.

3. That the abutting owners' share of the capital costs be recovered by
the imposition of a waterworks rate.

4. That the total cost of the works, being $108,569.25 shall be financed
as follows:

a) The amount of $50,730.25, being the Regional Corporation's share of
the total cost of the Works, shall be financed entirely by the Regional
Corporation.

b) The amount of $57,839.00, being the property owners' share of the
total cost of the Works shall be recovered by means of a special assessed
against the owners of lands abutting the Works, as set out in Schedule
A attached hereto, at a rate of $215 per metre of assessable frontage
up to a maximum of 61 metres of assessable frontage per property payable
over fifteen (15) years, plus imputed interest, as certified by the Treasurer.

5. That an annual waterworks rate, based on a frontage rate of $215 per
metre to a maximum of 61 metres per lot, payable over fifteen (15) years,
plus imputed interest, as certified by the Treasurer, shall be due and payable
on lots for which a deferred benefit accrues as soon as an immediate benefit
is delivered.

6. That the property owners shall be given an opportunity to commute the
waterworks rate by advance payment at any time during the fifteen (15) year
period.

READ THREE TIMES AND FINALLY PASSED IN OPEN COUNCIL this 15th day of December,
2005.